It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
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Amid a strong earnings call, Blackstone announced that it is planning to take some of its portfolio companies public.
Blackstone partnered with fellow buyout expert Vista Equity Partners to take workplace software company Smartsheet private for $8.4 billion.
The tight supply of both beans meant trading prices were extremely volatile, and the result was that cocoa almost tripled in price last year.
A portfolio doesn’t have to be just stocks and bonds. You can add something a little more fun, say your favorite vintage baseball cards.
Which way Trump will lean on the issue is difficult to say, though tech companies have worked hard to curry the incoming president’s favor.